Turnkey PV equipment supplier, Midsummer has received a repeat order from an unidentified Asian customer for its thin film cell production equipment. On the back of strong demand, it adds that expansion is on the cards.

On the back of strong demand in Asia for its CIGS manufacturing, Midsummer says it will strengthen its production capacity.

Image: Midsummer AB

Share

The Asian customer has signed a contract with Midsummer AB worth around SEK 30 million (US$3.3 million) for the delivery of another DUO thin film cell manufacturing line.

According to a statement released by the Stockholm-headquartered company, the equipment will be delivered in the first half of 2019.

On the back of strong demand in Asia for its flexible copper indium gallium selenide (CIGS) solar cell manufacturing equipment, Midsummer has said it will “strengthen … production capacity further to meet the increased demand for our products.”

“This repeat order is a strong indication that interest in our advanced solutions for the production and installation of thin film solar cells is growing in the Asian market,” said CEO, Sven Lindström.

He added, “Several strong global trends support our business idea and operations, not just the general need to switch to renewable energy, but also technical and regulatory developments that make thin solar panels attractive in urban environments.”

Popular content

No further information was provided and Midsummer could not be immediately reached for comment.

Overall, the company is going from strength to strength. In its latest financial report, released this March, it said it has a good order position for 2018, with strong demand. 2017 net sales almost doubled from 2016, to reach SEK 115 million, while profits reached SEK 23 million.

In the financial statement, it also said it aims to double the number of its employees this year, from 45 at the end of 2017. It added that its new building integrated PV (BIPV) panels launched in 2017, were well received, and there is very large interest in the product.

Share

Becky Beetz

Becky has managed the online presence of pv magazine International since its inception in 2010. As Head of Content, she is currently responsible for content development across all platforms, including our global and regional platforms.

Related content

Elsewhere on pv magazine...

Your email address will not be published. Required fields are marked *

Comment

Name *

Email *

Website

Save my name, email, and website in this browser for the next time I comment.

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Keep up to date

pv magazine Global offers daily updates of the latest photovoltaics news. We also offer comprehensive global coverage of the most important solar markets worldwide. Select one or more editions for targeted, up to date information delivered straight to your inbox.

Email*

Select Edition(s)*

Hold Ctrl or Cmd to select multiple editions.

We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. We measure how often our emails are opened, and which links our readers click. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. For more information please see our Data Protection Policy.

Keep up to date

We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. We measure how often our emails are opened, and which links our readers click. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. For more information please see our Data Protection Policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.